Italy has published Law No. 197 of 29 December 2022 on the State Budget for 2023 and the multi-year budget for 2023-2025. Some of the main tax measures of the law are summarized as follows:

• Tax credits for the purchase of electricity and natural gas are extended to the first quarter of 2023, along with an increase in the credit amount as follows:
  • a 45% tax credit for electricity expenses incu…